Orange Group to acquire Basefarm Holding
Orange Group has announced the signing of a contract to acquire 100% of Basefarm’s capital for an enterprise value of 350 million euros. By joining forces with Orange Business Services, Basefarm will gain a unique opportunity to accelerate growth in public and private cloud-services while benefiting from access to Orange’s global networks and infrastructure.
Basefarm has a strong operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and Germany, where it boasts a cutting-edge big data activity. Its business proposition lies at the forefront of the most innovative services in cloud computing, Big Data and Artificial Intelligence, thanks to the widely-recognized expertise of its 550 employees and to the high satisfaction of its customers.
Following the recent purchase of Business & Decision, the acquisition of Basefarm represents an important step forward in Orange Business Services’ development strategy. With its existing team of 1,600 cloud computing experts, Orange Business Services is currently growing by around 15% to 20% each year on the global market in this sector. The acquisition of Basefarm will complement its existing catalogue of offers and will reinforce its strategic position by bringing a new source of expertise and innovative technologies, particularly in data management, the management of critical applications, Big Data and multi-cloud services. The addition of Basefarm will also complete the geographical reach of Orange’s services, enabling it to become a leading player in Europe. The closing of the transaction is expected to take place during the third quarter of 2018 and is conditional upon the approbation of the relevant competition authorities.
“We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development. In particular, the company’s integration will enable us to significantly extend our Big Data and critical application management services on a rapidly-consolidating market. In addition to our ability to offer access to public or private cloud infrastructure, it is above all our capacity to propose enriched, automated services to our customers, wherever they are in the world, that will enable us to support companies as they transform onto new, digital models based on Cloud Computing, Big Data and Artificial Intelligence,” says Helmut Reisinger, Chief Executive Officer, Orange Business Services.
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